Fairfax Financial Holdings Management

Management criteria checks 4/4

Fairfax Financial Holdings' CEO is V. Watsa, appointed in Jan 1985, has a tenure of 39.83 years. total yearly compensation is $452.84K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 9.41% of the company’s shares, worth $2.91B. The average tenure of the management team and the board of directors is 5.5 years and 7.6 years respectively.

Key information

V. Watsa

Chief executive officer

US$452.8k

Total compensation

CEO salary percentage	100.0%
CEO tenure	39.8yrs
CEO ownership	9.4%
Management average tenure	5.5yrs
Board average tenure	7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has V. Watsa's remuneration changed compared to Fairfax Financial Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$4b
Jun 30 2024	n/a	n/a	US$4b
Mar 31 2024	n/a	n/a	US$4b
Dec 31 2023	US$453k	US$453k	US$4b
Sep 30 2023	n/a	n/a	US$5b
Jun 30 2023	n/a	n/a	US$5b
Mar 31 2023	n/a	n/a	US$4b
Dec 31 2022	US$487k	US$443k	US$3b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$511k	US$474k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$519k	US$472k	US$174m
Sep 30 2020	n/a	n/a	-US$63m
Jun 30 2020	n/a	n/a	-US$129m
Mar 31 2020	n/a	n/a	-US$70m
Dec 31 2019	US$605k	US$462k	US$2b
Sep 30 2019	n/a	n/a	US$809m
Jun 30 2019	n/a	n/a	US$847m
Mar 31 2019	n/a	n/a	US$416m
Dec 31 2018	US$966k	US$440k	US$331m
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$498k	US$477k	US$2b

Compensation vs Market: V.'s total compensation ($USD452.84K) is below average for companies of similar size in the US market ($USD12.66M).

Compensation vs Earnings: V.'s compensation has been consistent with company performance over the past year.

CEO

V. Watsa (74 yo)

39.8yrs

Tenure

US$452,840

Compensation

Mr. V. Prem Watsa founded Fairfax Financial Holdings Limited in 1985 and has been its Chairman and Chief Executive Officer since 1985. Mr. Watsa serves as the President of 1109519 Ontario Limited, 810679 O...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
V. Watsa	Founder	39.8yrs	US$452.84k	9.41% $ 2.9b
Peter Clarke	President & COO	5.8yrs	US$2.10m	0.0055% $ 1.7m
Jennifer J. Allen	VP & CFO	5.3yrs	US$1.71m	0.010% $ 3.2m
Jean Cloutier	VP & Chairman of International	25.7yrs	US$1.82m	0.0063% $ 1.9m
Bryan Bailey	Vice President of Tax	no data	US$1.46m	0.00039% $ 120.7k
Vinodh Loganadhan	Vice President of Administrative Services	no data	no data	0.019% $ 5.8m
Derek Bulas	VP, Chief Legal Officer & Corporate Secretary	less than a year	no data	0.0018% $ 566.6k
John Varnell	Vice President of Corporate Development	12.3yrs	US$819.61k	0.013% $ 4.1m
Paul Adamson	Chief Executive Officer of GIG Gulf	less than a year	no data	no data
Khaled Saoud Abdul Al Hasan	Group Chief Executive Officer of Gulf Insurance	less than a year	no data	no data
Andrew Barnard	President of Fairfax Insurance Group	no data	no data	0.25% $ 75.9m
Bruno Camargo	President of Fairfax Brasil	no data	no data	no data

5.5yrs

Average Tenure

63.5yo

Average Age

Experienced Management: FRFG.F's management team is seasoned and experienced (5.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
V. Watsa	Founder	39.8yrs	US$452.84k	9.41% $ 2.9b
Gobinath Athappan	CEO & Chairman of Fairfax Asia and Chairman of Singapore Re and COO	less than a year	no data	no data
William Weldon	Independent Director	4.6yrs	US$56.61k	0.0046% $ 1.4m
David Johnston	Corporate Director	4.1yrs	US$168.50k	0.0078% $ 2.4m
Brandon Sweitzer	Independent Director	20.8yrs	US$125.38k	0.0091% $ 2.8m
Timothy Price	Independent Director	14.6yrs	US$69.67k	0.0032% $ 987.7k
Robert Gunn	Independent Director	17.6yrs	US$140.85k	0.011% $ 3.3m
R. McFarland	Lead Independent Director	5.3yrs	US$520.38k	0.0057% $ 1.8m
Christine McLean	Corporate Director	6.6yrs	US$63.67k	0.0094% $ 2.9m
Lauren Templeton	Independent Director	7.6yrs	US$87.13k	0.084% $ 25.9m
Benjamin Watsa	Director	9.6yrs	US$94.95k	0.0029% $ 882.4k
Karen Jurjevich	Independent Director	7.6yrs	US$64.67k	0.00030% $ 92.9k

7.6yrs

Average Tenure

74yo

Average Age

Experienced Board: FRFG.F's board of directors are considered experienced (7.6 years average tenure).

Fairfax Financial Holdings Management

Management criteria checks 4/4

Key information

Recent management updates

Fairfax Financial Holdings Limited Appoints Gobinath Athappan as Chairman and Chief Executive Officer of Fairfax Asia and Chairman of Singapore Re

Fairfax Financial Holdings Limited Announces Demise of Eric P. Salsberg, Corporate Secretary

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 11, 2024

Recent updates

Cleveland-Cliffs Inc. (NYSE:CLF) completed the acquisition of Stelco Holdings Inc. (TSX:STLC) from Fairfax Financial Holdings Limited (TSX:FFH), Alan Kestenbaum, an affiliate of Lindsay Goldberg and others.

Fairfax Financial Holdings Limited to Report Q3, 2024 Results on Oct 31, 2024

A group of individuals, shareholders and entities related or affiliated with Fairfax Financial Holdings Limited (TSX:FFH), Moses Znaimer, Omri Tintpulver and 16431771 Canada Inc. entered into an agreement to acquire remaining 24.17% stake in ZoomerMedia Limited (TSXV:ZUM) for CAD 5.6 million.

Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of Sleep Country Canada Holdings Inc. (TSX:ZZZ) from Mawer Investment Management Ltd., Mackenzie Financial Corporation, Christine Magee, Stewart Schaefer and others.

Fairfax Financial Holdings Limited (TSX:FFH) entered into an agreement to acquire an unknown majority stake in Peak Achievement Athletics Inc. from Sagard Holdings Inc.

Fairfax Financial Holdings Limited to Report Q2, 2024 Results on Aug 01, 2024

Fairfax Financial Holdings Limited (TSX:FFH) entered into an arrangement agreement to acquire Sleep Country Canada Holdings Inc. (TSX:ZZZ) from Mawer Investment Management Ltd., Mackenzie Financial Corporation, Christine Magee, Stewart Schaefer and others for CAD 1.2 billion.

Cleveland-Cliffs Inc. (NYSE:CLF) entered into a definitive agreement to acquire Stelco Holdings Inc. (TSX:STLC) from Fairfax Financial Holdings Limited (TSX:FFH), Alan Kestenbaum, an affiliate of Lindsay Goldberg and others for CAD 3.9 billion.

Cleveland-Cliffs Inc. (NYSE:CLF) entered into a definitive agreement to acquire Stelco Holdings Inc. (TSX:STLC) from Fairfax Financial Holdings Limited (TSX:FFH), Alan Kestenbaum, an affiliate of Lindsay Goldberg and others for CAD 3.9 billion.

Fairfax Financial Holdings Limited (TSX:FFH) agreed to acquire an additional 4.24% stake in Ensign Energy Services Inc. (TSX:ESI) for CAD 18.22 million.

Fairfax Financial Holdings Limited Appoints Gobinath Athappan as Chairman and Chief Executive Officer of Fairfax Asia and Chairman of Singapore Re

Fairfax Financial Holdings Limited Announces Demise of Eric P. Salsberg, Corporate Secretary

Fairfax Financial Holdings Limited to Report Q1, 2024 Results on May 02, 2024

Fairfax Financial Holdings Limited (TSX:FFH) completed the acquisition of a remaining 38.8% stake in Farmers Edge Inc. (TSX:FDGE).

Fairfax Financial Holdings Limited to Report Q4, 2023 Results on Feb 15, 2024

Fairfax Financial Holdings Limited to Report Q4, 2023 Results on Feb 15, 2024

Fairfax Financial Holdings Limited (TSX:FFH) made a non-binding proposal to acquire remaining 38.6% stake in Farmers Edge Inc. (TSX:FDGE) CAD 4.9 million.

Fairfax Financial Holdings Limited to Report Q3, 2023 Results on Nov 02, 2023

Fairfax Financial Holdings Limited (TSX:FFH) entered into agreement to acquire unknown stake in Meadow Foods Limited from Exponent Private Equity LLP.

Fairfax Financial Holdings Limited, Annual General Meeting, Apr 11, 2024

Fairfax Financial Holdings Limited to Report Q2, 2023 Results on Aug 03, 2023

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age